Why People Are Going Nuts Over The New George Soros Speech On Europehttp://www.businessinsider.com/george-soros-speech-goes-viral-2012-6/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 20:49:17 -0400Joe Weisenthalhttp://www.businessinsider.com/c/4fcddd0969beddcb34000050SanManTue, 05 Jun 2012 06:18:49 -0400http://www.businessinsider.com/c/4fcddd0969beddcb34000050
When Soros is finally dead and burning in hell forever that will be a great day.http://www.businessinsider.com/c/4fcdd709eab8eaca16000045kickkTue, 05 Jun 2012 05:53:13 -0400http://www.businessinsider.com/c/4fcdd709eab8eaca16000045
And here I thought the bubble was the promise that every country would exhibit some minimal amount of fiscal responsibility once in the European Union. Brings to mind a quote attributed to Alexis de Toucqville - “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years.” Or in the case of the European Union, less than 20 years. We'll if there is any consolation, no country seems to be immune these days.http://www.businessinsider.com/c/4fcd62b769beddf51700001cSymphoenixMon, 04 Jun 2012 21:36:55 -0400http://www.businessinsider.com/c/4fcd62b769beddf51700001c
Nice, Soros has been reading Martin Armstrong...
Armstrong warned EU politics about the risk of creating a common currency without a fiscal unity since 1997.
<a href="http://www.martinarmstrong.org/" target="_blank">http://www.martinarmstrong.org/</a>http://www.businessinsider.com/c/4fcd499369bedde05f000007prepalawMon, 04 Jun 2012 19:49:39 -0400http://www.businessinsider.com/c/4fcd499369bedde05f000007
Mr. Soros wants to rule from the grave. One World Government. One ruler. So, he couldn't rule during WWII. Now, he wants to rule in 2025 post mortem. We must do ourselves a favor and turn the Internet off. All of these posts and rants will change nothing. Get your stuff in order and prepare for very hard times. Nothing else to do or say.http://www.businessinsider.com/c/4fcd3e77ecad04fb3b00000fDan KervickMon, 04 Jun 2012 19:02:15 -0400http://www.businessinsider.com/c/4fcd3e77ecad04fb3b00000f
Well the Euro might be a bubble. But isn't that because the investors recognized that the governments are TBTF and would always be bailed out?http://www.businessinsider.com/c/4fcd29dd6bb3f7fd43000003JMTMon, 04 Jun 2012 17:34:21 -0400http://www.businessinsider.com/c/4fcd29dd6bb3f7fd43000003
European countries did not give up fiscal sovereignty, they gave up monetary sovereignty. Of course, fiscal policy directly impacts currency values, hence the unusual dynamic that Soros describes.http://www.businessinsider.com/c/4fcd1e506bb3f7cf2e00000crohannesianMon, 04 Jun 2012 16:45:04 -0400http://www.businessinsider.com/c/4fcd1e506bb3f7cf2e00000c
While spending his adult life studying the vagaries of the 'free market', Mr. Soros has encapsulated the history (and by definition the self-fulfilling demise) of the EU very eloquently.
That being said, the mobility of wealth (be it in fiat currency, commodities and precious metals or physical assets) is greater today than it has ever been. There will be flights to quality. This bodes well for certain non-Euro markets who have a long-standing record of investor protections, evolved property and regulatory law and demonstrated liquidity. In the past, the flight to quality necessarily involved USD denominated assets, because in the past, the US government and markets worked in great cooperation to surpass all economies in terms of evolution, maturity and transparency. The US was the (forgive the pun) Gold Standard for foreign and domestic investors and investment managers. Today, that 'standard' is redefined as the lesser of two evils. Investing in the BRIC or East Asian economies is a gambit, as evolved and active as those markets have been, for varying reasons. It certainly can't be construed as a flight to quality. The EU is radioactive. That leaves the English speaking nations, as they have always been, it seems, the safest harbors for wealth preservation (notice I don't refer to growth or diversification). Wealth preservation will be the key investment criteria for the next dozen or more years, until the political 'bubbles' as Soros puts them, are burst (due to even greater access to information, more reasonable and effective regulation and greater transparency in trading environments). No one, including Soros, invests to lose. That's rule #1. And in following that rule, the US, UK and similar markets will benefit the most. Soros, in his address, may have been wishing for a quiet disintegration of the EU as a last best alternative to a sudden rupturing of the entire European economy, which seems more likely by the hour.http://www.businessinsider.com/c/4fcd19826bb3f73422000013krivitswMon, 04 Jun 2012 16:24:34 -0400http://www.businessinsider.com/c/4fcd19826bb3f73422000013
Soros is a secular progressive. His words should be dismissed. End of story.http://www.businessinsider.com/c/4fcd0bce69bedd504e000006DDMon, 04 Jun 2012 15:26:06 -0400http://www.businessinsider.com/c/4fcd0bce69bedd504e000006
Respect for giving Popper his due.http://www.businessinsider.com/c/4fcce4e56bb3f7d74300000bnerdbertMon, 04 Jun 2012 12:40:05 -0400http://www.businessinsider.com/c/4fcce4e56bb3f7d74300000b
Germany will come through better than the rest of Europe.
But Soros is (finally) articulating what most of the Euro-skeptics have been saying for years: that the Euro is a half-assed, incomplete, and very risky construct.
The only reason the Leftists like Joe and much of the legacy media are jumping on this is that finally a Socialist like Soros is saying what more conservative economists have been saying for a decade.http://www.businessinsider.com/c/4fccd0f069beddb83600001eWilliam LOngleyMon, 04 Jun 2012 11:14:56 -0400http://www.businessinsider.com/c/4fccd0f069beddb83600001e
Gyorky Schwarz, Eat my shorts. Which one of the 7 Princes of Hell are you ?http://www.businessinsider.com/c/4fccc1406bb3f7cb7f000001peterverkooijenMon, 04 Jun 2012 10:08:00 -0400http://www.businessinsider.com/c/4fccc1406bb3f7cb7f000001
Soros has spent a lot of money promoting "progressive" statist causes. That is not the same as democracy. Soros is a key figure in the merger of big government and big finance that is turning all of us little people into debt slaves.http://www.businessinsider.com/c/4fccb7ffecad04a94600000cbaloisMon, 04 Jun 2012 09:28:31 -0400http://www.businessinsider.com/c/4fccb7ffecad04a94600000c
quote
Germany should walk away now rather than get blamed for a repeat episode of WWII.
unquote
AMEN!http://www.businessinsider.com/c/4fccb7446bb3f7df6d000001chicofruitbatMon, 04 Jun 2012 09:25:24 -0400http://www.businessinsider.com/c/4fccb7446bb3f7df6d000001
'The EU was the embodiment of an open society –an association of nations founded on the principles of democracy, human rights, and rule of law'. I wonder where Soros got that idea from. The EU is totally undemocratic - it is run by unelected bureacrats, it pays lip service to human rights (it is totally subservient to Nato and the UN and look at the kinds of things they are involved in) and the rule of law has been shredded (European Arrest Warrant).
Need I say more about this man's credibility?http://www.businessinsider.com/c/4fccb66569bedded6e000021RealistMeMon, 04 Jun 2012 09:21:41 -0400http://www.businessinsider.com/c/4fccb66569bedded6e000021
So you have to be a "socialist" to print money? I thought you just had to have a fiat currency system.http://www.businessinsider.com/c/4fccb36aecad048a3d000022adegiulioMon, 04 Jun 2012 09:08:58 -0400http://www.businessinsider.com/c/4fccb36aecad048a3d000022
Oh please, you think govt policy makers listen to Soros? You think he says "Print" and they just go print? Give me a freaking break.http://www.businessinsider.com/c/4fccac9c6bb3f71e5600000fLiberals Are Lying Racist Hypocrite LosersMon, 04 Jun 2012 08:39:56 -0400http://www.businessinsider.com/c/4fccac9c6bb3f71e5600000f
Why are you such a stupid Douche Bag?http://www.businessinsider.com/c/4fcca9c769bedd354e00000bjohnmsmithMon, 04 Jun 2012 08:27:51 -0400http://www.businessinsider.com/c/4fcca9c769bedd354e00000b
he is just a guy trying to protect his investment.
He wants the Germans would share their national credit card with the rest of europe?
dream on, silly man.http://www.businessinsider.com/c/4fcca83e69bedd9749000025floranadaMon, 04 Jun 2012 08:21:18 -0400http://www.businessinsider.com/c/4fcca83e69bedd9749000025
Until the US controls its banks, central bank and its government and how they interact with one another!! but amen to that brother you are definitely on the right track there.http://www.businessinsider.com/c/4fcca54fecad047126000003floranadaMon, 04 Jun 2012 08:08:47 -0400http://www.businessinsider.com/c/4fcca54fecad047126000003
perfect couldnt have said it better. glad to see someone gets it.http://www.businessinsider.com/c/4fcca338ecad045b22000002ronnie raygunMon, 04 Jun 2012 07:59:52 -0400http://www.businessinsider.com/c/4fcca338ecad045b22000002
Why are you such an asshole?http://www.businessinsider.com/c/4fcc9bda6bb3f7213300001cLiberals Are Lying Racist Hypocrite LosersMon, 04 Jun 2012 07:28:26 -0400http://www.businessinsider.com/c/4fcc9bda6bb3f7213300001c
YAWN...no one give a shot what a moron like you thinks stay to the facts idiot....they are SOROS IS A CONVICTED FELON KOCH IS NOT....Why are Liberals so fking STUPID!http://www.businessinsider.com/c/4fcc7cf2eab8ea901d000005balanced dietMon, 04 Jun 2012 05:16:34 -0400http://www.businessinsider.com/c/4fcc7cf2eab8ea901d000005
This website was... how do I say it? Relevant!
! Finally I have found something that helped me. Appreciate
it!http://www.businessinsider.com/c/4fcc5ac96bb3f7b140000008DonaldMon, 04 Jun 2012 02:50:49 -0400http://www.businessinsider.com/c/4fcc5ac96bb3f7b140000008
Is it possible Mr. Soros owns lots of bonds in debter countries, which may decide not to pay and he is just trying to save his skin?http://www.businessinsider.com/c/4fcc592fecad041e15000008The BankerMon, 04 Jun 2012 02:43:59 -0400http://www.businessinsider.com/c/4fcc592fecad041e15000008
People are going nuts because this communist scum stole their money. Simple as that. You can steal $500 and go to jail or you can steal $500 Million like this POS and pay off politicians to remain free.http://www.businessinsider.com/c/4fcc5598eab8ea8746000005Dooley Mon, 04 Jun 2012 02:28:40 -0400http://www.businessinsider.com/c/4fcc5598eab8ea8746000005
Matter of fact, it falls apart quicker on a big scale. If Germany relents and decides to try some grand solution, that will quickly become apparent.
<a href="http://www.todsshoes-store.com/" target="_blank">http://www.todsshoes-store.com/</a>http://www.businessinsider.com/c/4fcc47846bb3f7fc1b000036DelegitimizationMon, 04 Jun 2012 01:28:36 -0400http://www.businessinsider.com/c/4fcc47846bb3f7fc1b000036
The proper role of govt?
You say that like the outcome is definite, that the snap of omnipotent fingers somewhere will solve any problem they are aimed at. This belief, the subservient deference to a higher authority, worshiping at an alter you duly elected, is merely sustenance for egotistical men.http://www.businessinsider.com/c/4fcc451869bedd3103000014rotorhead1871Mon, 04 Jun 2012 01:18:16 -0400http://www.businessinsider.com/c/4fcc451869bedd3103000014
rich dude.......he is just covering his positions......its just business....http://www.businessinsider.com/c/4fcc41d06bb3f7d51b00001dfloranadaMon, 04 Jun 2012 01:04:16 -0400http://www.businessinsider.com/c/4fcc41d06bb3f7d51b00001d
Have you ever heard of lobbyist? They show up in DC from time to time and influence where our tax dollars get funneledhttp://www.businessinsider.com/c/4fcc41076bb3f7d717000004floranadaMon, 04 Jun 2012 01:00:55 -0400http://www.businessinsider.com/c/4fcc41076bb3f7d717000004
Who do you think is making money servicing the loans? Fanny and Freddy come to mind? Same wall street government scheme different product. Hmmm no more home loans I wonder who has yet untarnished credit records and that coupled with a product that is actually still in demand Hmmm I wonder..... Yeah your right mister bankster GWs legacy was everyone gets a home and my legacy can be everyone gets an education. and this is the perfect place to park all these freshly minted dollars bills.http://www.businessinsider.com/c/4fcc3dfaeab8ea2a0f00001efloranadaMon, 04 Jun 2012 00:47:54 -0400http://www.businessinsider.com/c/4fcc3dfaeab8ea2a0f00001e
Who do you thinks is backing the loans?http://www.businessinsider.com/c/4fcc3d2d69bedd5b6f000013floranadaMon, 04 Jun 2012 00:44:29 -0400http://www.businessinsider.com/c/4fcc3d2d69bedd5b6f000013
it isnt college tuition it is US currency and as Obama laments his decision to print money and drop it out of helicopter he asked that some of the federal choppers drop money over the colleges and universities because he feels bad that the poor people cant afford to sent their kids to university as the dollar takes its meteoric rise in inflation. See, US college system is in ever increasing demand by foriegn students as the dollar races to the bottom relative to other foriegn currency thus making our higher educational institutions more affordable to outsiders. BAHHH MOOO YA..Have you seen the price of beef in grocery stores lately? It is more profitable to sell our beef over seas.Get it? The students loans that will ultimately be defualted on are another one of this administration social programs.http://www.businessinsider.com/c/4fcc3a6a69beddaf6d000003Roping DownMon, 04 Jun 2012 00:32:42 -0400http://www.businessinsider.com/c/4fcc3a6a69beddaf6d000003
Soros simply makes up his own facts. Germany did not "realize" that unification was only possible in the context of a more united Europe. On the contrary, French politicians had repeatedly made that point, together with insisting that French agriculture must not be impoverished by East Germany's agriculture. It was the world going on a binge of lending to the periphery, but rather the very large core-country banks going on a binge. It wasn't a psychosis, but rather the banks' own home-country politicians insisting the lending was safe. Soros wants to sell a BS story quickly, one which is based on gross distortions of the history. "Everyone was part of it!" No. It was primarily large banks from four core countries, encouraged in the early years of the boom by their politicians and "regulators."http://www.businessinsider.com/c/4fcc394fecad046260000006elmoMon, 04 Jun 2012 00:27:59 -0400http://www.businessinsider.com/c/4fcc394fecad046260000006
Proper role for government? I don't know the answer, but I know where this is headed and the level of the stock market is not my concern.
"If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that too."
William Somerset Maugham (1874 - 1965)http://www.businessinsider.com/c/4fcc32a26bb3f7607700004ebobinsherwoodSun, 03 Jun 2012 23:59:30 -0400http://www.businessinsider.com/c/4fcc32a26bb3f7607700004e
Give me a break! Let me paraphrase what the genius said. Initially we all have access to funds. I take my funds and invest them in Blue Chips, Precious Metals, Small/Medium Businesses with realistic business plans and clean balance sheets, and Top Notch Vocational Education systems. The rest of You blow your money on get rich quick schemes, late night infomercials, corrupt welfare systems, booze, whores, and all-night benders. Now, because You have proven Yourselves unreliable and a bad risk, I should be FORCED to pay for your incompetence because I AM SUCCESSFUL and YOU ARE NOT! Unfuckingbelievable! George is a genius alright, just like Hitler.http://www.businessinsider.com/c/4fcc326fecad042d52000007bobinsherwoodSun, 03 Jun 2012 23:58:39 -0400http://www.businessinsider.com/c/4fcc326fecad042d52000007
Give me a break! Let me paraphrase what the genius said. Initially we all have access to funds. I take my funds and invest them in Blue Chips, Precious Metals, Small/Medium Businesses with realistic business plans and clean balance sheets, and Top Notch Vocational Education systems. The rest of You blow your money on get rich quick schemes, late night infomercials, corrupt welfare systems, booze, whores, and all-night benders. Now, because You have proven Yourselves unreliable and a bad risk, I should be FORCED to pay for your incompetence because I AM SUCCESSFUL and YOU ARE NOT! Unfuckingbelievable! George is a genius alright, just like Hitler.http://www.businessinsider.com/c/4fcc32366bb3f75777000017bobinsherwoodSun, 03 Jun 2012 23:57:42 -0400http://www.businessinsider.com/c/4fcc32366bb3f75777000017
Give me a break! Let me paraphrase what the genius said. Initially we all have access to funds. I take my funds and invest them in Blue Chips, Precious Metals, Small/Medium Businesses with realistic business plans and clean balance sheets, and Top Notch Vocational Education systems. The rest of You blow your money on get rich quick schemes, late night infomercials, corrupt welfare systems, booze, whores, and all-night benders. Now, because You have proven Yourselves unreliable and a bad risk, I should be FORCED to pay for your incompetence because I AM SUCCESSFUL and YOU ARE NOT! Unfuckingbelievable! George is a genius alright, just like Hitler.http://www.businessinsider.com/c/4fcc2515ecad04973d000006dwSun, 03 Jun 2012 23:01:41 -0400http://www.businessinsider.com/c/4fcc2515ecad04973d000006
So your basic point is that without govt intervention of any kind--e.g. fiat currencies, monetary unions, LTRO, etc.--things would be better. We wouldn't have bubbles, class disparity, economic chaos, fascism, wars etc. if the govt just let the markets do their thing. Really?
My question for people like you is what exactly is the proper role of govt? My follow-up would then be how do you accomplish that role without affecting economic policy in some way?
Also, to the extent that people are "talking their book" when it comes to global economic health, I'd have to disagree. I'm more inclined to think that you in fact are talking your book, rooting for a precipitous and imminent collapse--which would make you a lot more money than someone invested long.http://www.businessinsider.com/c/4fcc21c9eab8eaa85c000002NickSun, 03 Jun 2012 22:47:37 -0400http://www.businessinsider.com/c/4fcc21c9eab8eaa85c000002
Shadow banking has essentially the same end resulthttp://www.businessinsider.com/c/4fcc20a3eab8eaff50000015PanskepticSun, 03 Jun 2012 22:42:43 -0400http://www.businessinsider.com/c/4fcc20a3eab8eaff50000015
Koch Update: <a href="http://www.youtube.com/watch?v=-q3o_nc1CxQ" target="_blank">http://www.youtube.com/watch?v=-q3o_nc1CxQ</a>http://www.businessinsider.com/c/4fcc2012eab8eade50000020Maxwell Genaw Sun, 03 Jun 2012 22:40:18 -0400http://www.businessinsider.com/c/4fcc2012eab8eade50000020
LET THE BANKS FAIL!
END THE FEDERAL RESERVE!http://www.businessinsider.com/c/4fcc1faf6bb3f7a05a00000cPanskepticSun, 03 Jun 2012 22:38:39 -0400http://www.businessinsider.com/c/4fcc1faf6bb3f7a05a00000c
Of course the Koch's haven't gone to jail. They bought the Supreme Court, the Tea Party and John Boehner's privates. This is the kind of banana republic corruption that Soros has worked to stamp out.http://www.businessinsider.com/c/4fcc1f42ecad04253100001bNotSocialistSun, 03 Jun 2012 22:36:50 -0400http://www.businessinsider.com/c/4fcc1f42ecad04253100001b
By telling governments to print. They are even more worthless than he is and they all do print it. Race to the bottom. As a matter of a fact people and governments of that caliber all they can this is this: print money, tax you, lie, print money. Enslave you.
None of them know how to produce anything. None. As a matter of a fact people became so stupid in this world, all they know and want is market based on QE, printed paper with no production backing, iPhone, unemployment rate, college degree, green energy, coeducational knowledge.
Those that figure out the opposite of that are extremely successful. Young people should kill their TVs and Internet as all the information there is all crap. Figure out your own game and go against everybody. I promise you, your life will turn to heave on Earth.http://www.businessinsider.com/c/4fcc1e3eeab8ea6253000004PanskepticSun, 03 Jun 2012 22:32:30 -0400http://www.businessinsider.com/c/4fcc1e3eeab8ea6253000004
It is a matter of public record that George Soros has spent more money promoting multi-party democracy around the world than anyone else in history. Only Soros has given so much wealth away to bringing democracy to countries that otherwise have only known tyranny.
So any of you nutjobs that call him a socialist have thrown yourselves out of the discussion. Return to the Planet Gesorneblatt from whence you came, since you will be very unhappy on Earth.http://www.businessinsider.com/c/4fcc1bd9ecad04112f000007bubbles...Sun, 03 Jun 2012 22:22:17 -0400http://www.businessinsider.com/c/4fcc1bd9ecad04112f000007
"Now the word "bubble" gets abused a lot. Every little boom is called a bubble these days. And things that have nothing to do with market valuations (like the big pile of student loan debt being taken on) get called bubbles improperly."
Sorry but bubbles are not caused so much by markets they are caused by someone (often governments) but could be anyone playing with markets which causes them to be inefficient. It isn't so much the student loans that are a bubble its college tuition which is the bubble.http://www.businessinsider.com/c/4fcc184e69beddb62b000003floranadaSun, 03 Jun 2012 22:07:10 -0400http://www.businessinsider.com/c/4fcc184e69beddb62b000003
Ya all need to read up on derrivates and understand what the underlying issues really are here. These instruments of mass destruction as the oracle of Omaha so aptly put it awhile ago are the issue. Brooksly Born called it 1994. Watch frontline's The Warning. No one knows who the counter parties are and what their exposures are. Multi Nationals go to board meetings and dont know who really holds majority shares. Is it AIG that holds the insurance component of the derevative or AMBAC or who and will they be able to cover their positions of the derevative default. ETC.... How can banks loan money to other banks when they dont know their exposures. These instruments of mass destruction where given birth out of a host of slick ass wallstreet attorneys asses in the 90s to prevent large companys from having to go public with their insider trading. it was born out of the premise that as computers in the 90s became more powerful that every transaction that these companies conducted would become public knowledge. So the attorneys found a way to take all of these transactions private and off the books in the preservation of insider trading and market manipulation that surely and ultimately would have vanished with the advent of mega computer power. So keep pointing your fingers and championing your causes but you have ultimately missed the boat on this one. What? We gonna lock up every politian attorney wallstreeter and federal oversight agency because they were all complicite and not just are government and financial institutions but globally. So all the big wigs have skin in this game and as long as the keep you talking about this and that and not the real issue then their hides are safe arent they. Mean while; guess who they are gonna have pick up their tab. thats right you guessed. Big Mooooo ya going out to all my fellow sheep!!!http://www.businessinsider.com/c/4fcc1599eab8eac33a00000ecarismarSun, 03 Jun 2012 21:55:37 -0400http://www.businessinsider.com/c/4fcc1599eab8eac33a00000e
Your information is outdated. Check out the transfers to DC-NY-MA.http://www.businessinsider.com/c/4fcc157eecad04b81e000010Haywood MatthewsSun, 03 Jun 2012 21:55:10 -0400http://www.businessinsider.com/c/4fcc157eecad04b81e000010
Until the United States controls it's banks, no one in the world is safe.http://www.businessinsider.com/c/4fcc157a6bb3f7ed4500001dGoldIsGreatSun, 03 Jun 2012 21:55:06 -0400http://www.businessinsider.com/c/4fcc157a6bb3f7ed4500001d
all the currencies cannot depreciate against all the other currencies, but they can all depreciate against gold. If all currencies depreciate against all other currencies, the international monetary system will blow up, gold is the only thing against which all currencies can devalue without blowing up the whole system.http://www.businessinsider.com/c/4fcc140d6bb3f7e941000032explain thisSun, 03 Jun 2012 21:49:01 -0400http://www.businessinsider.com/c/4fcc140d6bb3f7e941000032
In the chart provided, the borrowing costs do NOT ONLY coincide with the emergence of the Euro, they also coincide with the emergence of Credit Default Swaps, the demutualization of building societies and both their subsequent failure.
'Capital' today is no longer directly linked to 'goods' or 'gold for goods' - it has developed into 'insurance on futures of shares of companies which produce goods'.
Soros dishing out pointlessly destructive blame makes him look as if he does no get that simple fact. He waits on his Anglo-American clientele. What's he betting on now?
Spanish debt = peanuts
global CDS = 12 course michelin star friggin' dinnerhttp://www.businessinsider.com/c/4fcc0e65ecad049818000001Gary AndersonSun, 03 Jun 2012 21:24:53 -0400http://www.businessinsider.com/c/4fcc0e65ecad049818000001
Actually, Germany did sign on. Otherwise, Germany signed on to a make believe currency that cannot ever work. In the US the blue states subsidize the red states so they can play like they are conservative states. But they get transfers and love it.http://www.businessinsider.com/c/4fcc0dac69beddaa0f00001aGary AndersonSun, 03 Jun 2012 21:21:48 -0400http://www.businessinsider.com/c/4fcc0dac69beddaa0f00001a
Then the Euro cannot work. Germany has to decide if she wants the Euro or not. It is Germany's call, really. If you think German exports are tanking now, wait til she walks away from the Euro. Germany is in a financial hell with bad choices all the way around.http://www.businessinsider.com/c/4fcc0d27ecad04501000001cGary AndersonSun, 03 Jun 2012 21:19:35 -0400http://www.businessinsider.com/c/4fcc0d27ecad04501000001c
I agree, it sucks, but not printing is worse. The reason it is worse is that main street lending for business, etc, will dry up. The mistake the PIIGS made was getting sucked in in the first place. They would have had a better deal if they had stayed out of the Eurozone. It was a scam so that German and French banks could lend like there was no tomorrow. The statesment were not farsighted. That is where I disagree with Soros. They were very nearsighted or downright fraudulent.http://www.businessinsider.com/c/4fcc0d02ecad045616000002Barrack "It's Not My Fault!!!!" ObamaSun, 03 Jun 2012 21:18:58 -0400http://www.businessinsider.com/c/4fcc0d02ecad045616000002
Dimwit your success envy is showing again...why are you so upset that so many people are are so much more successful then you...maybe if you got a job and paid your bills on time you would not be such a envious twit.http://www.businessinsider.com/c/4fcc0be169beddef1100000dHypocritesSun, 03 Jun 2012 21:14:09 -0400http://www.businessinsider.com/c/4fcc0be169beddef1100000d
Rush, we know it's you, get off the upper and viagra and quit the CAPS.http://www.businessinsider.com/c/4fcc0ab2ecad04080c000023Barrack "It's Not My Fault!!!!" ObamaSun, 03 Jun 2012 21:09:06 -0400http://www.businessinsider.com/c/4fcc0ab2ecad04080c000023
La La la.. stick to the facts..we know that's hard for a liberal to do.....no one give a shit what you thinks would have happened FACT IS he is a CONVICTED FELON.....Thus he is a Crook. Kotch is not but is a damn great American Businessman that you need to look up to...End of Storyhttp://www.businessinsider.com/c/4fcc06ceeab8ea7e22000001mick68Sun, 03 Jun 2012 20:52:30 -0400http://www.businessinsider.com/c/4fcc06ceeab8ea7e22000001
Soros is playing to the multitude of angry, self-serving bulls who don't care about anybody's interests but their own. Let Germany crash for all they care, so long as my portfolio gets better.
Well, screw them! Germany will do what's best for Germany, regardless what the delusional, selfish bulls say, Soros included.http://www.businessinsider.com/c/4fcc06c3ecad049305000020HypocritesSun, 03 Jun 2012 20:52:19 -0400http://www.businessinsider.com/c/4fcc06c3ecad049305000020
Koch fined 20 million for pollution that probably killed quite a few people with cancer over the years. In any other country, he would have gone to jail.http://www.businessinsider.com/c/4fcc05caeab8ea921d000014EdwardSun, 03 Jun 2012 20:48:10 -0400http://www.businessinsider.com/c/4fcc05caeab8ea921d000014
Right, convicted by France for insider trading. Total bogus, they wanted to get back at him and they did. The guy used to make governments shake in their boots because he knew their weakness.http://www.businessinsider.com/c/4fcc04ff6bb3f7982f000001lark williamsSun, 03 Jun 2012 20:44:47 -0400http://www.businessinsider.com/c/4fcc04ff6bb3f7982f000001
So Germany should continue to foot the bill for a bunch of 35 hour per week, wine swilling, cafe dwelling fat butts so they can continue to criticize the Anglo-Saxon madness of "living to work" instead of "working to live". Why is everyone always the victim? The European grasshopper played for years and now they moan the German ant won't starve themselves on their behalfhttp://www.businessinsider.com/c/4fcc01e4eab8ea2116000016Barry ruined the worldSun, 03 Jun 2012 20:31:32 -0400http://www.businessinsider.com/c/4fcc01e4eab8ea2116000016
Soros is a socialist not as in an individual socialist, but rather a socialist government. He thinks he can control the economy in a socialist form but it will only be to his advantage not the general populacehttp://www.businessinsider.com/c/4fcc0109eab8ea8613000019floranadaSun, 03 Jun 2012 20:27:53 -0400http://www.businessinsider.com/c/4fcc0109eab8ea8613000019
634 trillion in derevaitives written that we are now required to deleverage from. No one has outlawed them yet so more are being written daily JP-MO is a current prime example with the London whale. The entire worlds GDP is 90 tril a year. the entire worlds assets is roughly 134 tril. the global financial system has been reduced to one big casino parlor game.the problem is that nothing is based in fundementals anymore . everything that global governments and financial institutions touch is high manipulated. It is not real. Facebook is another current prime example/ ETC....http://www.businessinsider.com/c/4fcbfea769bedd886f000023Republican socialistSun, 03 Jun 2012 20:17:43 -0400http://www.businessinsider.com/c/4fcbfea769bedd886f000023
Considering that all governments in the USA have been printing money, the Republicans are either socialist or you are an idiot. The latter is obvious.http://www.businessinsider.com/c/4fcbfe8669beddf171000005floranadaSun, 03 Jun 2012 20:17:10 -0400http://www.businessinsider.com/c/4fcbfe8669beddf171000005
Look people whether you like Soros or not is irrelevant. The fact is that we are experiencing a global bubble. So while everyone OCD fixates on every individual article written on whatever the panic article du juor is they are missing the larger issue at hand. Politics and big business interests have irrevocably damaged the global financial systems and there will be no quick fixes that can be implemented to repair this and as the world leaders kick the can down the road the problem will compound itself as it has been doing for the past two decades.http://www.businessinsider.com/c/4fcbfe7269bedd2c7400000cThe TruthSun, 03 Jun 2012 20:16:50 -0400http://www.businessinsider.com/c/4fcbfe7269bedd2c7400000c
Let's get this straight! It is written in Maastricht Treaty that each nation is responsible for its own guarantee of its soverign debt. Soros is incorrect to say "Angela Merkel declared ....." Being born in Hungary, maybe Soros' English is not that good and used an incorrect word. Merkel just reiterated what has been agreed upon.
Also, if the Germans are ultimately going to bail out those nations, Germany should have sovereign rights over them in exchange for their bailouts.http://www.businessinsider.com/c/4fcbfd136bb3f7fb20000006theaustrianSun, 03 Jun 2012 20:10:59 -0400http://www.businessinsider.com/c/4fcbfd136bb3f7fb20000006
It really is amazing! A smart guy like Soros writes (or said) what everybody already knows for years and that is supposed to be news? BEFORE the EUR started critics ALL OVER THE WORLD explained exactly what would happen!!!!!! I know for sure because I read a lot of them back then........ Somebody actually paid Soros to simply repeat it now? And we also are supposed to believe that the speech went viral amongst hedge funders? I have serious doubt that insiders would be that clueless after the last 2 years (in which all the predictions came true)........Amazing.....http://www.businessinsider.com/c/4fcbfc2669beddfb71000003Dennis954Sun, 03 Jun 2012 20:07:02 -0400http://www.businessinsider.com/c/4fcbfc2669beddfb71000003
Soros is not worried. He sees the writing on the wall and hedged himself accordingly. Having said that, I do not trust everything he says given that he is a participant in the markets.http://www.businessinsider.com/c/4fcbfa4f6bb3f7f51c000002D1Sun, 03 Jun 2012 19:59:11 -0400http://www.businessinsider.com/c/4fcbfa4f6bb3f7f51c000002
Okay, so in Sorosworld the far sighted statesmen who deliberately created this monstrosity, by design sandbagging the citizenry, are heroic. And the leader who identifies the euro "bubble" is at fault? Nice.
Since George knows all perhaps we can skip a few steps and start the shooting war?http://www.businessinsider.com/c/4fcbf9bc69beddad68000006EdwardSun, 03 Jun 2012 19:56:44 -0400http://www.businessinsider.com/c/4fcbf9bc69beddad68000006
Soros is not worried. His fund returned on average 20% a ear for 40 years, he is considered the greatest trader of all time.
Who are you?
Punk.http://www.businessinsider.com/c/4fcbf98feab8ea6c0200001fadegiulioSun, 03 Jun 2012 19:55:59 -0400http://www.businessinsider.com/c/4fcbf98feab8ea6c0200001f
If you were as smart as Soros, you would be a multi-billionaire...http://www.businessinsider.com/c/4fcbf9006bb3f7b614000012adegiulioSun, 03 Jun 2012 19:53:36 -0400http://www.businessinsider.com/c/4fcbf9006bb3f7b614000012
Small-fry? A billionaire many times over. How does he take money out of your pocket? He tells everyone what he's doing as he is doing it. He's open and transparent, you're just a jealous hater who has no clue.http://www.businessinsider.com/c/4fcbf8f2ecad04a56b00001aBarrack "I'm a Lying Hypocrite!" ObamaSun, 03 Jun 2012 19:53:22 -0400http://www.businessinsider.com/c/4fcbf8f2ecad04a56b00001a
Soros is a Convicted Felon... Koch is not...Get a brain and learn the facts before shooting off your mouth dumb asshttp://www.businessinsider.com/c/4fcbf87869bedd0c66000009peterverkooijenSun, 03 Jun 2012 19:51:20 -0400http://www.businessinsider.com/c/4fcbf87869bedd0c66000009
Soros is a vile demagogue and Joe is a pathetic useful idiot.
The European Union was designed to collapse and spawn a centralized superstate, that would lock down Germany, preserve "the European Model" (welfare state) and form a counter-weight against America.
That is the agenda Eurocrats were pushing in 1996 and Soros is pushing now. The truth is they caused the collapse and they want German, Dutch and Scandinavian tax-payer to pay for their schemes.http://www.businessinsider.com/c/4fcbf87169bedde86a000001adegiulioSun, 03 Jun 2012 19:51:13 -0400http://www.businessinsider.com/c/4fcbf87169bedde86a000001
Explain how Soros prints money?http://www.businessinsider.com/c/4fcbf8596bb3f7dc18000001You Dumb YanksSun, 03 Jun 2012 19:50:49 -0400http://www.businessinsider.com/c/4fcbf8596bb3f7dc18000001
And Koch is what? Get real you RWNJ.http://www.businessinsider.com/c/4fcbf776eab8ea737e000006Angela JerkelSun, 03 Jun 2012 19:47:02 -0400http://www.businessinsider.com/c/4fcbf776eab8ea737e000006
Germany will not agree t th Eurobond. Thy would have to change their constitution and no judge in Karhsruhle would do something like this. Impossible. Gerog Soros i angry because Germany is leaving and his NWO vision is over. Germanydesnt have to play the Zionist game anyymore and the Zionist agenda is kaput after this move. Schadehttp://www.businessinsider.com/c/4fcbf4a069beddcf5c00000bFritz PfisterSun, 03 Jun 2012 19:34:56 -0400http://www.businessinsider.com/c/4fcbf4a069beddcf5c00000b
Sorry Joe and Georgie; Germany didn't sign on for the responsibility to care for the irresponsible. Hope Merkel tells em to shove it. We need sound fiscal policy and someone with character to put a stake through the QE & Keynes hearts. You know Obama & Timmy will promote HyperBenFlation. Short term pain for long term stability, or short term gain for unlimited misery.http://www.businessinsider.com/c/4fcbf3d369beddd35c00000eBarrack "I'm a Lying Hypocrite!" ObamaSun, 03 Jun 2012 19:31:31 -0400http://www.businessinsider.com/c/4fcbf3d369beddd35c00000e
Soros is a CROOK!!http://www.businessinsider.com/c/4fcbf395ecad04716300000awatchingthesuckingmachineSun, 03 Jun 2012 19:30:29 -0400http://www.businessinsider.com/c/4fcbf395ecad04716300000a
Just look at this face!http://www.businessinsider.com/c/4fcbf34e6bb3f7700c00000dsweetdougSun, 03 Jun 2012 19:29:18 -0400http://www.businessinsider.com/c/4fcbf34e6bb3f7700c00000d
Think like a muppet.
Be the muppet.
What would you do, a European Muppet, if you just found out Soros just gave the EU 3 months to get it's collective shite together?
You would sell, just to be sure you weren't around if their shite hits the fan.
And you'd sell here, too, just to make sure.
Nothing like sitting out the summer with no worries about your finances, at the beach. Or in your underwater home.
And Soros knows this. That's why he let that speech out on Friday. To let it go viral and screw with people over the weekend.
What I'm betting is that he knows this is going to happen and he's really betting against all of this as an end game.
•∆•
V-Vhttp://www.businessinsider.com/c/4fcbf3046bb3f7790c00001cTittilaterSun, 03 Jun 2012 19:28:04 -0400http://www.businessinsider.com/c/4fcbf3046bb3f7790c00001c
Soros is a socialist nutjob.http://www.businessinsider.com/c/4fcbf2d1eab8ea1870000019GoldIsGreatSun, 03 Jun 2012 19:27:13 -0400http://www.businessinsider.com/c/4fcbf2d1eab8ea1870000019
"Few do grasp what is happening and why! They think the holding of gold reserves by the Euro is of a little point, as to what good are gold reserves? One cannot use gold as Marks or Yen to intervene in currency market to support the Euro. My friend, the BIS has played the, as you say, "big poker hand"! The holding of large reserves by the ECB and the withholding of sales from the market will not only bring the end of the London paper gold market, it will, thru a high USD gold price, "make the dollar weak in gold"! From this position, the dollar will lose the "oil backing" from the Middle East! At first, all oil for Europe will be in Euro's, then all producers want "strong currency"http://www.businessinsider.com/c/4fcbf29fecad043d5f00001eDougSun, 03 Jun 2012 19:26:23 -0400http://www.businessinsider.com/c/4fcbf29fecad043d5f00001e
So Soros blames Merkel for telling the truth when she reminded the EU that neither the Maastrict treaty nor the ECB charter allowed for international support for domestic banking systems. Credit spreads collapsed because investors chose to believe in the dream. Countries took advantage of that and broke their commitments under Maastrict.
This would be funny, if it wasn't so sad.http://www.businessinsider.com/c/4fcbf261eab8eaee74000028elmoSun, 03 Jun 2012 19:25:21 -0400http://www.businessinsider.com/c/4fcbf261eab8eaee74000028
Joe's typical litany of errors.
1)Student loans are a bubble and it has everything to do with "market valuations". Student loan debt interest rates are too low. They're high risk loans in a high risk world, at an interest subsidized by the US government. Bubble. Let's find out; have universities and colleges underwrite their own student loans, without government backing. That'll give them a chance to show us the true value of a student loan for their educational product. Stand back and watch that bubble pop.
2)The logic of the Euro bubble was never that the leaders would eventually "fix it". That was a pipe dream, propagated by self interested people, like George Soros, in order to game the system a bit longer. You can't "fix" bankruptcy with borrowing and you can't fix bad governance with cheap credit. Central planning doesn't work, whether it's done on a small scale or a big one. Matter of fact, it falls apart quicker on a big scale. If Germany relents and decides to try some grand solution, that will quickly become apparent.
3)It was never "inevitable that the market would evolve towards full fiscal integration". It was inevitable that a fully fiat Euro in the hands of fully socialist governments would fail sooner rather than later. Fiscal integration under a failed economic concept will only come in the context of repression and war, not from any market force. Left to its own devices, the market would destroy fiscal integration tomorrow morning.
3)Merkel didn't crush the Euro bubble, central planning did. Eurocrats thought they could impose their will on the "markets". That has never worked and it never will. Their next step will the continuation of this failed scheme, impose more and more government control of their economies, crush the middle class, economic chaos, fascism. Germany should walk away now rather than get blamed for a repeat episode of WWII.
4)Soros' article "fills in a big piece" of the path that will increase his personal wealth and power. It's called talking your book. It has gone viral with a lot of other people who are talking their book too.http://www.businessinsider.com/c/4fcbf23069beddd45c000001TittilaterSun, 03 Jun 2012 19:24:32 -0400http://www.businessinsider.com/c/4fcbf23069beddd45c000001
Brilliant. I say you are the true bubble.http://www.businessinsider.com/c/4fcbf176ecad046463000003Russell FuhrmanSun, 03 Jun 2012 19:21:26 -0400http://www.businessinsider.com/c/4fcbf176ecad046463000003
I recall that Mr. Soros in January at Davos said that he thought the European politicians had two more years to kick the can down the road.http://www.businessinsider.com/c/4fcbf159eab8eaef74000001naroSun, 03 Jun 2012 19:20:57 -0400http://www.businessinsider.com/c/4fcbf159eab8eaef74000001
Even Zimbabwe was able to meet its internal obligations by printing $100 trillion dollar notes. Spain, Greece and Italy cannot print Euros to meet their internal obligations and therefore are in worse shape. The only way to raise money is either abandon the Euro and print their own money, or rely on Eurobonds that are guaranteed by an agency such as the ECB which can guarantee it even if it has to print Euros.http://www.businessinsider.com/c/4fcbf14beab8ea9f74000004SickofitSun, 03 Jun 2012 19:20:43 -0400http://www.businessinsider.com/c/4fcbf14beab8ea9f74000004
Joe, u must be pumped! The granddaddy of one world government talking you book! Awesome right bro! I can here the printer spooling up! Why no mention of gold on Friday from you joe? Oh, sorry forgot u only comment when gold is crushed! Wrecked! Mauled! Diving! Smoked!annihalated! Rock on u brilliant hardworking hack!http://www.businessinsider.com/c/4fcbf11e6bb3f7130600000dDavid JamesSun, 03 Jun 2012 19:19:58 -0400http://www.businessinsider.com/c/4fcbf11e6bb3f7130600000d
Soros is small-fry and a liar. The euro is here to stay, and he knows it. When Soros opens his mouth take care to check your wallet. Only Physical Gold can save your sorry asses: <a href="http://preciousmetalspete.blogspot.co.uk/" target="_blank">http://preciousmetalspete.blogspot.co.uk/</a> This is how it ends!http://www.businessinsider.com/c/4fcbf038ecad04725f000004naroSun, 03 Jun 2012 19:16:08 -0400http://www.businessinsider.com/c/4fcbf038ecad04725f000004
3 months is very optimistic. At the rate of outflow of Euros from Southern tier countries (which is accelerating geometrically as the panic spreads), I believe that those debtor countries will be dead broke and unable to pay their obligations within a few weeks. I predict that Germany will agree to the eurobond concept is theory which will give the Eurozone a little breathing time.http://www.businessinsider.com/c/4fcbeedbecad04355b000008NotSocialistSun, 03 Jun 2012 19:10:19 -0400http://www.businessinsider.com/c/4fcbeedbecad04355b000008
meant to say "speech"http://www.businessinsider.com/c/4fcbeec269bedd0458000008GoldIsGreatSun, 03 Jun 2012 19:09:54 -0400http://www.businessinsider.com/c/4fcbeec269bedd0458000008
Everyone claim Euro is a bubble, but it's the US dollar that is the true bubble.http://www.businessinsider.com/c/4fcbeeb669bedda855000007NotSocialistSun, 03 Jun 2012 19:09:42 -0400http://www.businessinsider.com/c/4fcbeeb669bedda855000007
There is nothing special about that speed. Actually, it is people like Soros that create poverty by printing worthless money. This crises will have no end as socialists around the world will not end printing.http://www.businessinsider.com/c/4fcbec436bb3f7977e000017dr01dSun, 03 Jun 2012 18:59:15 -0400http://www.businessinsider.com/c/4fcbec436bb3f7977e000017
Soros' is worried that if the Euro splits he'll lose a ton of money.
Somebody call a Waaaaambulance for George.